Why would the 8th best odds be good enough? Lol. It's decidedly indicating you are on the outside looking in.
I was curious, so I went back to check how preseason odds related to Cup winners and runners up.
2014: Kings (5) def Rangers (14)
2015: Blackhawks (1) def Lightning (7)
2016: Penguins (5) def Sharks (18)
2017: Penguins (4) def Predators (7)
2018: Capitals (3) def Golden Knights (29) (LOL)
2019: Blues (11) def Bruins (6)
2020: Lightning (1) def Stars (10)
2021: Lightning (3) def Canadiens (15)
2022: Avalanche (1) def Lightning (2)
2023: Golden Knights (7) def Panthers (3)
More than half of the time a team worse than 8th makes it to the finals, but only the Blues won after being ranked worse than 8th. "Top 5" looks to be the sweet spot to be called a true contender.
I firmly believe we are trending upwards from 8th. We are due for a little bit of a drop-off in Panarin's production over the remainder of his contract, but most of our older core should stay pretty much at their current level (counting Kreider as a 55+ pt guy, not his 75+ aberration). Our younger core should only improve. If one or two of our kids acclimate well to the right side, then we are absolutely cooking.
We already have a perennial Norris guy, and there's no telling how high Miller's ceiling is. Igor should stay a top 5 G in the world for the foreseeable future.
I believe we will have better odds one year from now, unless we trade an important piece. Whether we hit that top 5 or not lies mainly on the progression of the younger half of our forward group.